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CLO equity returns suffer amid loan repricing wave, finds Nomura
7 years ago
CLO equity returns took a hit in January as increasing Libor and tightening loan spreads took their toll on CLO arbitrage, according to a research piece by Nomura -
Expect more CLO refis before year end, says Nomura
7 years ago
The increased pace of CLO refinancings is likely to continue in the coming months amid a steepening credit curve, according to a report published last week by Nomura -
Rally means US CLOs are fairly safe from OC test breaches, finds Nomura
7 years ago
US CLOs appear to be fairly well insulated from further overcollateralisation test breaches in the wake of a prolonged rally in the loan market, according to a new research report from Nomura. -
Euro CLOs offer 15bp spread pick-up for Japanese investors, says Nomura
7 years ago
European triple-A CLO investments are more attractive for Japanese investors than US CLOs on a currency-adjusted basis, according to a recent (pre-Brexit) research piece from Nomura. -
Par building may not be enough to cure CLO test breaches, finds Nomura
8 years ago
Par building by CLO managers may not be enough to stave off the impact of recent defaults on overcollateralization test buffers, according to a research note from Nomura -
Verso default pushes at least one CLO towards test breach, says Nomura
8 years ago
The recent chapter 11 bankruptcy filing by Verso has put one CLO in danger of failing its interest diversion test, according to a recent research note from Nomura.
6 results found Showing page 1 of 1
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